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<Econ> US MBA Mortgage Applications Decline by 10.5% Last Week
According to data from the Mortgage Bankers Association (MBA) in the US, mortgage applications for the week ending March 20 decreased by 10.5% compared to the previous week, contin...
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<Econ> US MBA Mortgage Applications Decline by 10.5% Last Week
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According to data from the Mortgage Bankers Association (MBA) in the US, mortgage applications for the week ending March 20 decreased by 10.5% compared to the previous week, continuing the prior week's decline of 10.9%. The downward trend aligns with the rise in benchmark mortgage rates, with the 30-year fixed mortgage rate increasing by 13 bps to reach a five-month peak of 6.43%.

Applications for refinancing mortgages, which are more sensitive to short-term interest rate changes, fell by 15%. Meanwhile, applications for home purchase mortgages decreased by 5%.

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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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